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$A123

A123 Systems
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A123 Systems develops lithium iron phosphate battery technology for transportation, grid, and industrial applications.

sentiment mix
bull 0%bear 100%neu 0%

signal summary

latest thesis
US invented LFP battery chemistry but lost manufacturing to China — now a strategic supply chain gap▾

LFP (lithium iron phosphate) was developed in the US at A123 Systems and East Coast labs, but manufacturing was outsourced to China, which iterated and built IP. Today virtually all LFP cells come from China (some Korean catch-up). Base Power buys cells from China despite doing final assembly, power electronics, and PCBs domestically — a structural dependency they are working to reshore.

justin lopezT3a16z2025-10-10
confidence 58 / 100impact Medium
key themes
  • AI Infrastructure100%
  • Grid & Power Infrastructure100%
  • Energy & Power Generation100%
  • Advanced Manufacturing100%
  • Defense Tech100%

bull thesis · 0

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  • — none —

bear thesis · 1

83 / 100
  • •US invented LFP battery chemistry but lost manufacturing to China — now a strategic supply chain gap

mentions · 1

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